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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
29 announcements match the current filters (relevance ≥ 5).
Hitech Corp Promoter Proposes Voluntary Delisting at Indicative Price of ₹353 Per Share
Geetanjali Trading and Investments, a promoter group member of Hitech Corporation, has issued an Initial Public Announcement for the voluntary delisting of the company's equity shares. The promoter group currently holds a 74.43% stake and aims to acquire the remaining public shareholding to reach the 90% delisting threshold. An indicative offer price of ₹353 per share has been proposed, which is higher than the stock's lifetime high of ₹351.35. The final exit price will be determined through the Reverse Book Building process, subject to shareholder and regulatory approvals.
Key Highlights
Promoter group proposes voluntary delisting from BSE and NSE to provide exit liquidity to public shareholders.
Indicative offer price set at ₹353 per share, surpassing the previous lifetime high of ₹351.35.
Promoters currently hold 1,27,84,480 shares (74.43%), requiring a 90% total stake for successful delisting.
Average free float over the last 6 months was only ₹64.46 Crores, contributing to the rationale for delisting.
The final exit price will be discovered via the Reverse Book Building process as per SEBI Delisting Regulations.
👀 What to Watch
Investors should watch for the upcoming postal ballot for shareholder approval and the subsequent Reverse Book Building window to tender their shares. The indicative price of ₹353 serves as a benchmark, but the final discovered price may vary based on market participation.
Hitech Corporation Receives Voluntary Delisting Proposal from Promoter Group
Hitech Corporation Limited has received an Initial Public Announcement from its promoter group member, Geetanjali Trading and Investments Private Limited, expressing an intent to voluntarily delist the company. The acquirer proposes to purchase all fully paid-up equity shares of face value INR 10 held by public shareholders. Following the acquisition, the company intends to delist its equity shares from both the BSE and NSE. Kreo Capital Private Limited has been appointed as the manager to the offer to oversee the regulatory process.
Key Highlights
Promoter group member Geetanjali Trading and Investments Private Limited initiates voluntary delisting process.
Proposal involves acquiring all outstanding equity shares from public shareholders.
Equity shares have a face value of INR 10 each and are currently listed on BSE and NSE.
Kreo Capital Private Limited is the designated manager to the delisting offer.
The announcement follows Regulation 8 of the SEBI (Delisting of Equity Shares) Regulations, 2021.
👀 What to Watch
Investors should hold their positions and wait for the announcement of the floor price and the board of directors' recommendation. The final exit price will be determined through the reverse book building process, which typically offers a premium to the current market price.
Hitech Corp FY26 Revenue Rises to ₹584 Cr; Recommends ₹1 Dividend & Re-appoints MD
Hitech Corporation Limited reported a steady growth in its annual revenue for FY26, reaching ₹58,425.16 lakhs compared to ₹54,942.94 lakhs in FY25. The Board has recommended a dividend of ₹1 per equity share (10% of face value) for the financial year. Leadership stability is reinforced with the re-appointment of Mr. Malav Dani as Managing Director for a five-year term, while Mr. Jayendra Shah is set to retire by rotation at the upcoming AGM.
Key Highlights
Annual Revenue from Operations grew 6.3% YoY to ₹58,425.16 lakhs in FY26.
Recommended a dividend of ₹1 per equity share (10% of face value Rs. 10) for FY26.
Re-appointed Mr. Malav Dani as Managing Director for a five-year term starting August 5, 2026.
Q4 FY26 Revenue stood at ₹15,161.20 lakhs, showing growth over ₹13,729.55 lakhs in Q4 FY25.
Mr. Jayendra Shah, Non-Executive Non-Independent Director, to retire at the 35th AGM.
👀 What to Watch
Investors should note the consistent revenue growth and dividend payout as signs of operational stability; the re-appointment of the MD ensures management continuity.
Hitech Corp Recommends ₹1 Dividend; FY26 Revenue Grows 6.3% to ₹584.25 Crore
Hitech Corporation Limited has recommended a final dividend of ₹1 per equity share (10% of face value) for FY26. The company reported a steady growth in annual revenue from operations, reaching ₹584.25 crore compared to ₹549.43 crore in the previous fiscal year. Fourth-quarter revenue also showed strength at ₹151.61 crore, up from ₹137.30 crore year-on-year. Additionally, the board has ensured leadership continuity by re-appointing Malav Dani as Managing Director for a five-year term.
Key Highlights
Recommended a final dividend of ₹1 per equity share for the financial year ended March 31, 2026.
Annual revenue from operations increased by 6.3% to ₹584.25 crore in FY26.
Q4 FY26 revenue grew to ₹151.61 crore, a 10.4% increase over the corresponding quarter last year.
Managing Director Malav Dani re-appointed for a 5-year term effective August 5, 2026.
Total annual expenses for FY26 stood at ₹576.29 crore, with finance costs rising to ₹18.37 crore.
👀 What to Watch
Investors should consider the steady revenue growth and management stability as positive indicators; the stock remains a hold for those seeking consistent dividend payouts.
Hitech Corp Q4 Revenue Up 10.4% YoY to ₹151.6 Cr; Recommends ₹1 Dividend
Hitech Corporation reported a 10.4% year-on-year increase in Q4 revenue, reaching ₹151.61 crore. For the full financial year 2026, revenue grew by 6.3% to ₹584.25 crore compared to ₹549.43 crore in the previous year. The board has recommended a dividend of ₹1 per share (10% of face value) for FY26. Additionally, the company secured leadership continuity by re-appointing Malav Dani as Managing Director for a five-year term.
Key Highlights
Q4 FY26 Revenue from operations grew 10.4% YoY to ₹15,161.20 lakhs
Full-year FY26 Revenue increased to ₹58,425.16 lakhs from ₹54,942.94 lakhs in FY25
Board recommended a dividend of ₹1.00 per equity share (10% of face value)
Managing Director Malav Dani re-appointed for a 5-year term starting August 2026
Finance costs for the full year rose to ₹1,837.39 lakhs from ₹1,606.54 lakhs
👀 What to Watch
Investors should take note of the steady revenue growth and the board's commitment to dividends. However, monitor the rising finance costs which may impact bottom-line growth in future periods.
Hitech Corp Appoints Mugdha Khare as CFO; Announces Major Management Reshuffle
Hitech Corporation has restructured its top leadership, appointing Mrs. Mugdha Khare as the new CFO, who brings 16 years of experience including managing a ₹5,000 million treasury at NOCIL. The company also promoted Ravi G. Balasubramanian to President and hired Girish Haganoor to lead its subsidiary, Thriarr Polymers. While COO Jasraj Singh resigned for health reasons, the board added tax expert Mehli Golvala as an Independent Director for a 5-year term. These changes aim to strengthen the company's operational and financial oversight.
Key Highlights
Mrs. Mugdha Khare appointed as CFO; previously handled ₹7,500 million forex exposure at NOCIL.
Mr. Ravi G. Balasubramanian elevated to President after 40 years in the plastics sector.
Mr. Mehli Golvala, with 40 years of tax law experience, joins as Independent Director for a 5-year term.
COO Mr. Jasraj Singh to step down on May 15, 2026, due to health concerns.
Mr. Girish Haganoor appointed as President of subsidiary Thriarr Polymers effective May 07, 2026.
👀 What to Watch
Investors should monitor the transition of the new CFO and the impact of the new leadership team on operational efficiency. The strong professional backgrounds of the new appointees suggest a focus on strengthening corporate governance.
Hitech Corp Announces Major Leadership Shuffle: New CFO, President, and Independent Director
Hitech Corporation has undergone a significant management restructuring, appointing Mrs. Mugdha Khare as the new Chief Financial Officer with 16+ years of experience. The company also elevated Mr. Ravi G. Balasubramanian to President and appointed Mr. Girish Haganoor as President of its subsidiary, Thriarr Polymers. While Mr. Mehli Golvala joins as an Independent Director for a 5-year term, the company faces the departure of its COO, Mr. Jasraj Singh, due to health reasons. These changes bring in seasoned professionals with decades of experience in the plastics and manufacturing sectors.
Key Highlights
Mrs. Mugdha Khare appointed as CFO & KMP, bringing 16+ years of experience from Astec Life Sciences and NOCIL.
Mr. Ravi G. Balasubramanian elevated to President with over 40 years of experience in the plastics and polymer sector.
Mr. Mehli Golvala appointed as Additional Independent Director for a 5-year term starting May 08, 2026.
COO Mr. Jasraj Singh resigned effective May 15, 2026, citing health grounds.
Mr. Girish Haganoor appointed as President of subsidiary Thriarr Polymers with 30+ years of automotive and aerospace experience.
👀 What to Watch
Investors should monitor the transition of the new leadership team, particularly the CFO and the newly elevated President, to ensure operational stability. The resignation of the COO is a watch point, but the high caliber of new appointments appears to mitigate immediate leadership risks.
Hitech Corp Q3 Revenue Grows to ₹131.5 Cr; CFO Retires, WTD Re-appointed
Hitech Corporation reported a 6.9% year-on-year growth in Q3 FY26 revenue, reaching ₹13,153.75 lakhs. For the nine-month period ending December 2025, revenue stood at ₹43,263.96 lakhs, up from ₹41,213.39 lakhs in the previous year. The company also announced the retirement of CFO Mrs. Avan R. Chaina effective February 11, 2026, with a search for a successor currently underway. Additionally, the Board approved the re-appointment of Mr. Mehernosh Mehta as Whole Time Director for a one-year term starting March 2026.
Key Highlights
Q3 FY26 revenue from operations increased to ₹13,153.75 lakhs from ₹12,300.05 lakhs YoY.
Nine-month revenue for FY26 rose to ₹43,263.96 lakhs compared to ₹41,213.39 lakhs in FY25.
CFO Mrs. Avan R. Chaina to retire on February 11, 2026, following the completion of her extended term.
Mr. Mehernosh Mehta re-appointed as Whole Time Director for 1 year effective March 17, 2026.
Company is in the process of identifying a successor for the CFO position to ensure a smooth transition.
👀 What to Watch
Investors should monitor the upcoming appointment of the new CFO to ensure leadership continuity. While revenue growth is steady, the impact of management transitions on operational efficiency should be watched.
Hitech Corp Q3 Revenue Up 7% YoY to ₹131.5 Cr; CFO Avan Chaina Retires
Hitech Corporation reported a standalone revenue of ₹131.54 crore for Q3 FY26, marking a 6.9% growth compared to ₹123.00 crore in the same quarter last year. For the nine-month period ended December 31, 2025, revenue rose to ₹432.64 crore from ₹412.13 crore YoY. The company also announced the retirement of CFO Mrs. Avan R. Chaina effective February 11, 2026, and is currently identifying a successor. Additionally, Mr. Mehernosh Mehta has been re-appointed as Whole Time Director for a one-year term starting March 2026.
Key Highlights
Standalone revenue for Q3 FY26 stood at ₹13,153.75 lakhs vs ₹12,300.05 lakhs YoY.
Revenue for 9M FY26 reached ₹43,263.96 lakhs, a growth of 4.97% over 9M FY25.
Sequential revenue declined by 11.3% from ₹14,828.15 lakhs in Q2 FY26.
CFO Mrs. Avan R. Chaina to retire on February 11, 2026; succession process is underway.
Whole Time Director Mehernosh Mehta re-appointed for one year effective March 17, 2026.
👀 What to Watch
Investors should monitor the appointment of the new CFO to ensure management stability and track if the sequential revenue decline is a seasonal trend or a demand slowdown.